SCAMBAG LEE LOST MONEY FOR THE Q2 AND 6 MONTHS.TIME TO TAKE THIS POS TO ZERO BIDS.
For Immediate Release
AmeraMex International Reports Financial Statements
for the Second Quarter and Six-Month Period Ended June 30, 2023
CHICO, CA – August 15, 2023 – AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics
companies, infrastructure construction, and forestry conservation, reported financial results for its second quarter and sixmonth period ended June 30, 2023.
Statement of Operations for the Quarter Ended June 30, 2023
The Company reported revenue of approximately $2.3 million versus revenue of $2.4 million for the comparable 2022
quarter. Revenue was flat due in part to inflation and rising interest rates affecting the Company’s target markets.
Gross profit for the quarter was $713,302, compared to a gross profit of $420, 832 for the comparable quarter. Profit is
affected by sales versus leases/rentals of equipment and mix of equipment.
Gross profit as a percentage of sales was 31 percent for the quarter compared to gross profit as a percentage of sales of 18
percent for the comparable quarter. The increase in profit margins is due in part to product mix.
Net loss for the quarter was $(116,602) compared to net income of $146,172 for the comparable quarter. Loss per share
was $(0.01) for the quarter compared to earnings per share of $0.01 for the comparable 2022 quarter. This is due in part to
increased overhead costs.
Statement of Operations for the Six-Month period June 30, 2023
The company reported revenue for the six-month period of $5.5 million versus revenue of $7.3 million for the comparable
2022 six-month period.
Gross profit for the period was $1.5 million compared to gross profit of $1.7 million for the comparable 2022 period.
Gross profit as a percentage of sales was 25 percent for the period compared to gross profit as a percentage of sales of 23
percent for the comparable period.
Net loss for the period was $(15,499) compared to net income of $404,489 for the comparable period. Earnings per share
were $0.00 for the period compared to $0.03 for the comparable 2022 period.
Balance Sheet for the Period Ended June 30, 2023
Current Assets increased by approximately $1.2 million to approximately $14.0 million while Total Assets increased by
approximately $660,000 due in part to a $2.6 million increase in Inventory.
Current Liabilities for the period have decreased by approximately $1.2 million while Total Liabilities increased by $677,000
due in part to the Company’s increased Line of Credit.
Shareholders and the public are invited to attend a conference call on Tuesday, August 15 at 10:00 a.m. PT as the Company
provides a shareholder update for the quarter ended June 30, 2023. The dial-in information is as follows: 1-201-689-8560.
Please dial in five minutes before the call is to begin.
AI
